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2012 Olympics

Volume 450: debated on Monday 16 October 2006

To ask the Secretary of State for Culture, Media and Sport what progress has been made with the KPMG review of the costs for the 2012 Olympics; when she expects to announce their final conclusions; and if she will make a statement. (94234)

To ask the Secretary of State for Culture, Media and Sport when the KPMG report on the funding review of the London 2012 Olympics and Paralympics is expected to be published. (94294)

KPMG are providing ongoing advice to the Government to help with analysis of the costs associated with the Olympic programme. This advice will inform the development of the Olympic Delivery Authority's Corporate Plan, which is due to be published in 2007.

To ask the Secretary of State for Culture, Media and Sport what the Government regeneration budget is for the 2012 Olympics broken down by programme. (94235)

The budget for the 2012 Olympics has yet to be finalised. It will encompass spending on a number of items of regeneration the context for which is the Government's wider spending plans for the regeneration of the Lower Lea Valley and Thames Gateway.

To ask the Secretary of State for Culture, Media and Sport who the funder of last resort is of the London 2012 Olympics and Paralympics should it go over budget. (94295)

In accordance with the requirement of the International Olympic Committee (IOC) the costs of the London 2012 Olympic and Paralympic Games are underwritten by HM Government. However, the 2003 Memorandum of Understanding between the Government and the Mayor of London provides for a sharing arrangement to be agreed as appropriate between them.

To ask the Secretary of State for Culture, Media and Sport if she will place in the Library a copy of the London 2012 Legacy Guidelines. (94296)

The overall objectives for the London Olympic Games and Paralympic Games clearly outline that we must plan to achieve a sustainable legacy for London and the UK. Considering the legacy impact is therefore an integral part of our planning for the Games. A copy of these objectives will be placed in the Libraries of both Houses.

For each issue, ranging from the “hard” physical legacy of the Park to the “softer” social, economic and environmental legacy, the most relevant organisation has been tasked with maximising the benefits before, during, and after the Games. In addition, an Olympic Park Legacy Group, involving all the key partners, has been set up to understand, influence and advise on proposals for the legacy of the Olympic Park.